- What is it?
- What’s the difference between a mortgage broker and a mortgage brokerage?
- Which type is best?
- Can I access it online?
What is it?
A mortgage brokerage is the company or organisation offering mortgage brokerage services, which means accessing various lenders on your behalf, and helping determine which lender/s and which of their products best suits your finances and circumstances.
What’s the difference between a mortgage broker and a mortgage brokerage?
In short, nothing really! A mortgage brokerage is the business, a broker is the person within the brokerage acting on your behalf.
Which type of mortgage brokerage is best?
There aren’t necessarily strict types of mortgage brokerage, largely the differences are in size and how they operate, for instance online or face to face. The former may be less likely to charge fees for their services as their overheads will typically be lower than a brokerage with an office.
Can I access a mortgage brokerage online?
You can! Many people prefer to conduct their personal business online nowadays, it saves lengthy calls waits and calls, face to face meetings and means it can be done at leisure and whenever it is most convenient for you. Online can be the easiest way to access a brokerage, meaning no lengthy phone calls or meetings when you’re already time pressured with work, family, other house hunting commitment etc.